Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Purchased by SPX Gestao de Recursos Ltda

SPX Gestao de Recursos Ltda raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 13.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 210,516 shares of the utilities provider’s stock after purchasing an additional 24,448 shares during the period. SPX Gestao de Recursos Ltda’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $5,240,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Manning & Napier Advisors LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 444.8% during the third quarter. Manning & Napier Advisors LLC now owns 3,089,290 shares of the utilities provider’s stock worth $76,892,000 after acquiring an additional 2,522,231 shares during the last quarter. Bank of America Corp DE boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% in the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after purchasing an additional 1,116,681 shares during the last quarter. Perpetual Ltd grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 116.6% during the 3rd quarter. Perpetual Ltd now owns 1,719,250 shares of the utilities provider’s stock valued at $42,792,000 after purchasing an additional 925,684 shares in the last quarter. American Century Companies Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% during the 2nd quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock valued at $44,126,000 after purchasing an additional 728,383 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 22.6% during the 2nd quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider’s stock worth $22,021,000 after purchasing an additional 184,486 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 1.3%

NYSE:SBS opened at $27.59 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $19.42 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 5.45 and a beta of 0.78. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $16.11 and a one year high of $30.63. The stock has a 50-day simple moving average of $26.75 and a 200 day simple moving average of $25.18.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The company also recently announced a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, December 29th will be issued a dividend of $0.4772 per share. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio (DPR) is currently 40.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SBS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.